Intellizence tracks the latest layoff, downsizing, employee termination, furlough announcements from multiple news and regulatory filings. Following is the highlight of a few major layoffs of the day.
Edelman Laying Off 390 Employees Across Global Workforce
Edelman is taking significant cost-cutting measures including layoffs, furloughs, pay reductions and reduced workweeks in response to the business impact of the COVID-19 pandemic. The firm is planning to reduce its workforce by 390 staffers, or just less than 7% of its global staff.
Seagate Technology laid off 500 employees this week
Seagate Technology PLC this week laid off 500 employees across 12 countries as part of a cost-cutting plan at the Cupertino data storage company.
Bird shuts down Circ operations in Middle East, Lays off 100 employees
Bird, the LA-founded e-scooter giant has shut down scooter sharing in several cities in the Middle East, an operation that was managed by Circ, the micro mobility startup it acquired in January. About 100 Circ employees have been laid off.
Stitch Fix laying off 1,400 employees in California, plans to hire in lower-cost U.S. cities
Online retailer and styling service Stitch Fix said Monday that it plans to lay off 1,400 stylists based in California between now and the end of September.